Kitzur Shulchan Aruch, Siman 179

AI summary (may contain mistakes)

Which debts does Shemitah wipe away, and what does the Kitzur say about loan documents, collateral and messengers? The Kitzur has a lender guard collateral as a paid custodian, never handing it to another without the owner's consent. On shemitas kesafim, the Kitzur urges following the majority view and keeping loans alive through a prozbul.

Key points

• The Kitzur advises against cosigning a loan unless one is ready to give the money as charity.
• Keeping a repaid loan document at home is an issur for the Kitzur, lest it be collected again.
• The Kitzur lets a lender keep collateral on default only when stipulated retroactively from the loan.
• The Kitzur treats repayment handed to a messenger as the lender's, forbidding reclaiming or returning it.

In this shiur

1. 0:00Cosigning loans and safeguarding deposits
2. 1:16Worn out and repaid loan documents
3. 2:52Safeguarding collateral
4. 4:25Stipulating that collateral becomes the lender's
5. 6:14A lender who forgives the debt
6. 7:00Repaying a loan through a messenger
7. 8:32Shemitas kesafim in our times
8. 12:37Which loans Shemitah cancels

Topics

• Shemitas Kesafim
• Prozbul
• Mashkon